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Jumbo Mortgage Loans in Illinois, Wisconsin, Minnesota and Florida

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View the current FHA and conforming loan limits for all counties in Illinois. Each Illinois county conforming mortgage loan limit is displayed. Should you apply now to refinance your jumbo loan?

Are there stated income loans available for jumbo loans and super jumbo loans? Yes, there are stated income jumbo loans, as well as stated income super jumbo loans. These programs are available to purchase a home, or to refinance an existing mortgage. The maximum loan amount available is $5,000,000. What is the typical down payment required?

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Mutual of Omaha Mortgage offers Jumbo Loans for higher priced homes. A loan is considered Jumbo, in most places, if it is greater than $484,350 and $726,525 on a per-county-basis. Mutual of Omaha Mortgage has different Jumbo Loan options to fit your home buying needs.

A jumbo loan is a home loan for more than the conforming limit set by Fannie Mae and Freddie Mac. Interest rates on jumbo loans are comparable to rates on conforming loans.

Jumbo Mortgage Loans are loans that exceed the conforming loans loan limits set by Fannie Mae, Freddie Mac and their regulator, the Federal Housing Finance.

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Jumbo Mortgage Loan is a perfect option for homes above a $417,000 price tag. It requires 25%-30% down payment and a credit score above 700. jumbo loans can be used for primary, secondary, vacation homes or investment properties.

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Loans greater than these limits are usually called jumbo mortgages, but can also be called non-conforming mortgages. questions about jumbo loans? Find a local lender who can help . When Should I Use a Jumbo Mortgage? You’d use a jumbo mortgage when you’re seeking a loan amount that’s greater than the conforming loan limit in your area.